UScellular Q1 revenues $950M, net income $18M; guidance reaffirmed

ARRAY DIGITAL INFRASTRUCTURE, INC.

2024-Q1 EPS reported $0.20 revenue$950,000,000

Total operating revenues $950M, down 4% YoY from $986M; service revenues $754M, down 2%.
Net income $18M ($0.20 diluted EPS) vs $13M ($0.15) YoY; Adjusted EBITDA up to $272M.
Postpaid ARPU grew 3%; postpaid churn rate improved 4% YoY.
Fixed wireless customers grew 42% to 124,000.
Full-year 2024 guidance unchanged: service rev $2.95-3.05B, Adjusted EBITDA $920-$1,020M.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ARRAY DIGITAL INFRASTRUCTURE, INC. reported first quarter of 2024 results: revenue total operating revenues of $950 million, net income Net income attributable to UScellular shareholders ... $18 million, EPS diluted earnings per share ... $0.20. Guidance reaffirmed.

Period: first quarter of 2024
Revenue: total operating revenues of $950 million
Net income: Net income attributable to UScellular shareholders ... $18 million
EPS: diluted earnings per share ... $0.20
Guidance: reaffirmed
Result: reported results

Exact text from the filing

UScellular reports first quarter 2024 results 2024 guidance reaffirmed CHICAGO (May 3, 2024) — United States Cellular Corporation (NYSE:USM) reported total operating revenues of $950 million for the first quarter of 2024, versus $986 million for the same period one year ago. Service revenues totaled $754 million, versus $767 million for the same period one year ago. Net income attributable to UScellular shareholders and related diluted earnings per share were $18 million and $0.20, respectively, for the first quarter of 2024 compared to $13 million and $0.15, respectively, in the same period one year ago.

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Source: SEC EDGAR

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